Volkswagen diesel controversy, carmaker moves to settlement talks
German automobile manufacturer Volkswagen admitted in 2015 to cheating emissions tests for its new line of diesel cars, following which the cars lost their certification to be on German roads and legal action was taken against VW. The company recently announced that it was in talks to settle the dispute with German consumer organizations. The company's license in the US has remained unaffected since the scandal.
legal road german manufacturer volkswagen emissions united-states license diesel automobile consumer vw settlement
ReutersRelated Articles
Fiat Chrysler announced to restart production in two weeks
The automaker announced that the company will restart production in two weeks. Fiat Chrysler lost about $1.8 billion (1.7 billion euros) in the first quarter as the coronavirus pandemic caused rolling shutdowns of its plants in China, Europe, and North America. Fiat Chrysler also said it expects to restart the majority of its North American plants the week of May 18 strengthening the argument of reopening the US economy
news business cars automobile fiat reopening
Cnbc
With fewer drivers on the road, Allstate will return $600 million in premiums to its customers
American Insurance company Allstate recently released numbers related to car usage in the country, “We have access to data from over 23 million cars, and we can see the drop in driving by day," Allstate CEO Tom Wilson said on a call with reporters Monday. "In most states, driving mileage is down 35 to 50%. And this has happened even in states that don’t have shelter-in-place restrictions.”
road drivers restrictions
Google
3M CEO tells Trump mask demand too great
Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.
ceo donald-trump healthcare president safety equipment united-states manufacturing coronavirus pandemic covid-19 defense-production-act mike-roman 3m n95
Marketwatch
Dow Jones plunges again
Dow Jones plunges again
Stocks in US markets today continued to plunge due to the coronavirus crisis coupled with the Saudi-Russian oil price war, with the Dow Jones industrial average dipped below the 22,000 level after suffering its worst first quarter in the institution's entire 135-year history. Major financial institutions like Goldman Sachs and JP Morgan predict an unprecedented first-quarter contraction in the US economy of between 25 to 34 percent.
goldman-sachs saudi-arabia oil russia markets crisis stocks price war history united-states coronavirus dow-jones contraction industrial-average jp-morgan
BusinessInsider